RC365 (LON:RCGH) Trading Up 22.8% – Here’s Why

RC365 Holding plc (LON:RCGH)’s stock price shot up 22.8% on Thursday . The stock traded as high as GBX 3.62 and last traded at GBX 3.44. 6,338,351 shares changed hands during trading, an increase of 277% from the average daily volume of 1,683,204 shares. The stock had previously closed at GBX 2.80.

RC365 Price Performance

The stock’s 50-day moving average price is GBX 2.49 and its 200 day moving average price is GBX 1.85. The firm has a market capitalization of £7.26 million, a PE ratio of -0.40 and a beta of 0.77.

About RC365

RC365 Holding plc (LSE: RCGH) is a United Kingdom-based payment solutions and financial technology group focused on building secure, efficient and scalable financial infrastructure for individuals, SMEs, merchants and multinational corporations.

Incorporated in the UK on 24 March 2021, RC365 is the holding company of Regal Crown Technology Limited, a Hong Kong-founded fintech solutions provider established in 2013, and the parent of RCPAY Limited, the Group’s customer-facing operating brand across the UK and Europe.

The Group operates an integrated fintech ecosystem that unifies account services, card issuance, payment collection, settlement and wealth management within a single connected platform.